Creve Coeur, Mo Housing Stats For August 2009

Thursday August 13, 2009

CREVE COEUR, MO 63141

St. Louis Area

Single Family Homes

EXECUTIVE SUMMARY

This Week The median list price in CREVE COEUR, MO 63141 this week is $574,900. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Real-Time Market Profile

Trend

Median List Price $ 574,900 Asking Price Per Square Foot $ 190 Average Days on Market (DOM) 176 Percent of Properties with Price Decrease 51 % Percent Relisted (reset DOM) 11 % Percent Flip (price increased) 3% Median House Size (sq ft) 3110 Median Lot Size 0.50 - 1.0 acre Number of Bedrooms 4.0

≠≠ ≠≠ ==

Number of Bathrooms

Supply and Demand

Market Action

±+

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.

No change

3.5 Strong Buyer's

== Strong upward = Slight upward

19.6

==

≠≠ Strong downward ≠ Slight downward trend

Price

Market Action Index

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Price Trends

7-Day Rolling Average

90-Day Rolling

Buyer/Seller Cutoff

The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor

Quartiles

7-Day Rolling Average

Chacteristics per Quartile Quartile

Median Price

Top/First

$ 1,345,000

453

Upper/Secon

$ 724,900

Lower/Third Bottom/Four

Sq. Ft. Lot Size

Age Inventory New

Absorbe

90-Day Rolling

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.

Beds

Baths

DO

1.0 - 2.5 acres

4.0

4.0

18

25

0

1

205

Most expensive 25% of properties

333

0.50 - 1.0 acre

4.0

3.5

37

25

0

3

230

Upper-middle 25% of properties

$ 499,900

276

0.50 - 1.0 acre

4.0

3.0

42

25

2

4

134

Lower-middle 25% of properties

$ 319,000

224

0.25 - 0.50 acre

4.0

3.0

45

25

1

2

136

Least expensive 25% of properties

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